Kenta Kon Acquires 85,000 Shares of Toyota Motor (NYSE:TM) Stock

Toyota Motor Corporation (NYSE:TM) President Kenta Kon bought 85,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the transaction, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Toyota Motor Price Performance

Shares of TM opened at $190.25 on Friday. The business’s 50-day moving average is $178.09 and its two-hundred day moving average is $201.59. The company has a market capitalization of $247.96 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.25 and a beta of 0.56. Toyota Motor Corporation has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.12 and a current ratio of 1.17.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The firm had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Research analysts predict that Toyota Motor Corporation will post 20.05 earnings per share for the current year.

Institutional Investors Weigh In On Toyota Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its position in shares of Toyota Motor by 13.0% during the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after purchasing an additional 279,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Toyota Motor by 3,027.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after buying an additional 244,684 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after buying an additional 128,128 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Toyota Motor by 116.3% during the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after buying an additional 124,520 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Toyota Motor by 1,509.1% during the 3rd quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after buying an additional 94,305 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

TM has been the subject of several analyst reports. Weiss Ratings cut shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley assumed coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.